Page 104 - Individual Forms & Instructions Guide

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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
You may be charged a penalty tribution by 10% (0.10) and enter the re- repayment on this line without attaching
! equal to 50% of the social se- sult on line 8. The taxable amount of the Form 5405.
CAUTION curity and Medicare or RRTA distribution is the part of the distribution See the Form 5405 instructions for
tax due on tips you received but didn't you reported on Form 1040, 1040-SR, or details and for exceptions to the repay-
report to your employer. 1040-NR, line 4b or 5b, or on Form ment rule.
4972. Also check the box on line 8 to in-
Line 6 dicate that you don’t have to file Form Line 11
5329. But you must file Form 5329 if
Unreported Social Security and distribution code 1 is incorrectly shown Additional Medicare Tax
Medicare Tax From Form 8919 in box 7 of Form 1099-R or you qualify See Form 8959 and its instructions if the
for an exception, such as the exceptions total of your 2022 wages and any
Enter the total of any taxes from Form
8919. for qualified medical expenses, qualified self-employment income was more than:
higher education expenses, qualified • $125,000 if married filing sepa-
If you are an employee who received first-time homebuyer distributions, or a rately;
wages from an employer who didn't qualified reservist distribution.
withhold social security and Medicare or • $250,000 if married filing jointly;
tax from your wages, use Form 8919 to Line 9
• $200,000 if single, head of house-
figure your share of the unreported tax. hold, or qualifying surviving spouse.
Include on line 6 the amount from Household Employment Taxes Also see Form 8959 if you had railroad
line 13 of Form 8919. Include the Enter the household employment taxes retirement (RRTA) compensation that
amount from line 6 of Form 8919 on you owe for having a household em- was more than the amount just listed
Form 1040 or 1040-SR, line 1g. ployee. If any of the following apply, that applies to you.
see Schedule H and its instructions to
Line 8 find out if you owe these taxes. If you are married filing jointly and

1. You paid any one household em- either you or your spouse had wages or
RRTA compensation of more than
Additional Tax on IRAs, Other ployee (defined below) cash wages of $200,000, your employer may have
Qualified Retirement Plans, etc. $2,400 or more in 2022. Cash wages in- withheld Additional Medicare Tax even
If any of the following apply, see Form clude wages paid by check, money or- if you don’t owe the tax. In that case,
5329 and its instructions to find out if der, etc. But don’t count amounts paid to you may be able to get a refund of the
you owe this tax and if you must file an employee who was under age 18 at tax withheld. See the Instructions for
Form 5329. Also see Form 5329 and its any time in 2022 and was a student. Form 8959 to find out how to report the
instructions for definitions of the terms 2. You withheld federal income tax withheld tax on Form 8959.
used here. during 2022 at the request of any house-
1. You received an early distribution hold employee. Line 12
from (a) an IRA or other qualified retire- 3. You paid total cash wages of Net Investment Income Tax
ment plan, (b) an annuity, or (c) a modi- $1,000 or more in any calendar quarter See Form 8960 and its instructions if the
fied endowment contract entered into af- of 2021 or 2022 to household employ-
ter June 20, 1988, and the total distribu- ees. amount on Form 1040, 1040-SR, or
1040-NR, line 11, is more than:
tion wasn't rolled over. Any person who does household work is • $125,000 if married filing sepa-
2. Excess contributions were made a household employee if you can control rately,
to your IRA, Coverdell education sav- what will be done and how it will be • $250,000 if married filing jointly
ings account (ESA), Archer MSA, done. Household work includes work or qualifying surviving spouse, or
health savings account (HSA), or ABLE done in or around your home by babysit- • $200,000 if single or head of
account. ters, nannies, health aides, housekeepers, household.
3. You received a taxable distribu- yard workers, and similar domestic If you file Form 2555, see Form 8960
tion from a Coverdell ESA, qualified workers. and its instructions if the amount on
tuition program, or ABLE account. Form 1040, 1040-SR, or 1040-NR,
4. You didn't take the minimum re- Line 10 line 11, is more than:
quired distribution from your IRA or First-Time Homebuyer Credit • $13,000 if married filing separate-
other qualified retirement plan by April Repayment ly,
1 of the year following the year you • $138,000 if married filing jointly
reached age 72. Enter the first-time homebuyer credit or qualifying surviving spouse, or
you have to repay if you bought the • $88,000 if single or head of house-
Exception. If only item (1) applies and home in 2008. hold.
distribution code 1 is correctly shown in If you bought the home in 2008 and
box 7 of all your Forms 1099-R, you owned and used it as your main home
don’t have to file Form 5329. Instead, for all of 2022, you can enter your 2022
multiply the taxable amount of the dis-

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